Why is Anand Rayons falling/rising?

As of 16-Jul, Anand Rayons Ltd is experiencing a price increase, currently at Rs 297.65, reflecting a rise of Rs 3.65 or 1.24%. The stock has shown strong performance recently, gaining 1.62% over the last two days and outperforming its sector by 1.11%. It is also trading close to its 52-week high, just 2.47% away from Rs 305. The stock has demonstrated impressive returns over various periods, including a remarkable 561.30% increase over the past year, significantly outperforming the BSE500 index. Positive financial indicators such as the highest quarterly PBDIT at Rs 2.83 crore and a strong operating profit margin of 3.30% have contributed to this upward movement, despite concerns regarding long-term fundamental strength.
In the broader market context, Anand Rayons has outperformed the Sensex, which has declined by 1.08% over the past week while the stock itself has risen by 2.00%. This trend of strong performance is evident in the stock's year-to-date return of 97.77% compared to the Sensex's 5.75%. However, despite these positive short-term movements, there are underlying concerns regarding the company's long-term fundamentals, including a negative CAGR growth in operating profits over the last five years and a high price-to-book value ratio, which may deter long-term investors. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a cautious sentiment among institutional investors regarding its valuation and business outlook.